As per the latest report by IMARC Group, entitled “Laboratory Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on laboratory automation market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global laboratory automation market size reached US$ 6.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Laboratory automation refers to the integration of advanced technology and robotics into laboratory processes to streamline and enhance the efficiency, accuracy, and reproducibility of experiments and analyses. Laboratory automation systems are manufactured by specialized companies that engineer and assemble components like robotic arms, liquid handling devices, sensors, and software interfaces. The importance of laboratory automation lies in its ability to accelerate research and development processes, increase throughput, minimize human error, and standardize experimental procedures across laboratories. Its benefits extend to various fields such as pharmaceuticals, biotechnology, clinical diagnostics, and academic research.
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Market Trends:
The global market is primarily driven by the escalating demand for high-throughput screening and analysis capabilities in drug discovery and clinical diagnostics is fueling the adoption of laboratory automation solutions. Additionally, the rising integration of artificial intelligence and machine learning algorithms into laboratory automation systems is poised to revolutionize data analysis and decision-making, further driving market growth. Moreover, the increasing focus on cost reduction and operational efficiency in laboratory settings is prompting organizations to embrace automation solutions to optimize resource utilization and mitigate labor-intensive processes is impelling market growth. Furthermore, the advent of cloud-based laboratory information management systems (LIMS) and remote monitoring capabilities is facilitating seamless data accessibility and collaboration, promoting market expansion and innovation in laboratory automation technologies. In line with this, the growing trend towards sustainable and environmentally friendly practices is driving the development of eco-friendly laboratory automation solutions with reduced energy consumption and waste generation, aligning with the broader sustainability goals of organizations is creating a positive market outlook.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Danaher
- PerkinElmer
- Tecan Group
- Thermo Fisher
- Abbott Diagnostics
- Agilent Technologies
- Aurora Biomed
- Becton Dickinson
- BioMérieux
- Biotek Instruments
- Brooks Automation
- Cerner
- Eppendorf
- Hamilton Storage Technologies
- LabVantage Solutions
- Labware
- Olympus
- Qiagen
- Roche Holding
- Siemens Healthcare
Laboratory Automation Market Segmentation:
Our report has categorized the market based on region, type, equipment/software type and end use.
Breakup by Type:
- Modular Automation
- Whole Lab Automation
Breakup by Equipment and Software Type:
- Automated Clinical Laboratory Systems
- Workstations
- LIMS (Laboratory Information Management Systems)
- Sample Transport Systems
- Specimen Handling Systems
- Storage Retrieval Systems
- Automated Drug Discovery Laboratory Systems
- Plate Readers
- Automated Liquid Handling Systems
- LIMS (Laboratory Information Management Systems)
- Robotic Systems
- Storage Retrieval Systems
- Dissolution Testing Systems
Breakup by End-Users:
- Biotechnology
- Pharmaceutical Companies
- Hospitals and diagnostic laboratories
- Research and academic institutes
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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